B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Purchases New Holdings in Charles Schwab Co. Common Stock (SCHW)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Charles Schwab Co. Common Stock (NYSE:SCHW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,132 shares of the financial services provider’s stock, valued at approximately $467,000.

Several other institutional investors have also bought and sold shares of the business. Cozad Asset Management Inc. bought a new position in shares of Charles Schwab Co. Common Stock in the 2nd quarter worth $3,038,000. Salem Investment Counselors Inc. lifted its holdings in shares of Charles Schwab Co. Common Stock by 5,402.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 90,792 shares of the financial services provider’s stock worth $4,639,000 after purchasing an additional 89,142 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Charles Schwab Co. Common Stock by 34.8% in the 2nd quarter. Millennium Management LLC now owns 72,778 shares of the financial services provider’s stock worth $3,719,000 after purchasing an additional 18,806 shares in the last quarter. Soapstone Management L.P. lifted its holdings in shares of Charles Schwab Co. Common Stock by 113.1% in the 2nd quarter. Soapstone Management L.P. now owns 200,000 shares of the financial services provider’s stock worth $10,220,000 after purchasing an additional 106,164 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Charles Schwab Co. Common Stock by 6.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 240,704 shares of the financial services provider’s stock worth $12,300,000 after purchasing an additional 14,515 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

In other news, Chairman Charles R. Schwab sold 190,500 shares of the firm’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $52.75, for a total transaction of $10,048,875.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher V. Dodds sold 15,718 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $51.14, for a total value of $803,818.52. Following the sale, the director now directly owns 7,592 shares of the company’s stock, valued at $388,254.88. The disclosure for this sale can be found here. Company insiders own 11.50% of the company’s stock.

A number of equities analysts recently issued reports on SCHW shares. Morgan Stanley increased their target price on Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. set a $59.00 price target on Charles Schwab Co. Common Stock and gave the company a “buy” rating in a research report on Monday, July 16th. Zacks Investment Research lowered Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price target on shares of Charles Schwab Co. Common Stock in a research report on Monday, July 16th. Finally, Wells Fargo & Co increased their price target on Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the company a “$54.22” rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $58.57.

Shares of Charles Schwab Co. Common Stock stock opened at $51.16 on Friday. Charles Schwab Co. Common Stock has a 1 year low of $38.20 and a 1 year high of $60.22. The firm has a market cap of $68.51 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.53. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33.

Charles Schwab Co. Common Stock (NYSE:SCHW) last announced its earnings results on Tuesday, July 17th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Charles Schwab Co. Common Stock had a return on equity of 17.96% and a net margin of 30.83%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm posted $0.39 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. equities analysts expect that Charles Schwab Co. Common Stock will post 2.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, August 9th. This is a positive change from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 1.02%. Charles Schwab Co. Common Stock’s dividend payout ratio (DPR) is currently 31.71%.

About Charles Schwab Co. Common Stock

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab Co. Common Stock (NYSE:SCHW)

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